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Enterprise Financial CDE Announces Closing of NMTC Loan

September 15, 2014 (St. Louis) -- Enterprise Financial CDE, LLC (EFCDE), a subsidiary of Enterprise Financial Services Corp (NASDAQ: EFSC) announced that on August 20, 2014 it provided $5.4MM in NMTC financing for The Lawrence Group.


Mitch Baris, Executive Director of EFCDE said “We are excited to build this new relationship with The Lawrence Group. Working with Brian Bonfanti, a Relationship Manager at our Sunset Hills unit, we were able provide capital for business growth, full suite of treasury management solutions and a working capital line of credit.  We have reduced their overall borrowing rates and improved the company’s cash flow to position them to add a new business line!  We are excited to be a part of the solution.” 

 

Steve Smith at The Lawrence Group said “Now celebrating our 30th year of providing innovative design solutions for our clients, we are experiencing some of the most exciting growth opportunities in our history.  The partnerships that we have with both EFCDE and Enterprise Bank are critical to assisting us in achieving our goals.”

 

Enterprise Financial Services Corp (NASDAQ: EFSC) is the parent company of Enterprise Financial CDE, LLC and Enterprise Bank & Trust which operates commercial banking and wealth management businesses in metropolitan St. Louis, Kansas City, and Phoenix.  The Company is primarily focused on serving the needs of privately held businesses, their owner families, executives and professionals.